XML 46 R36.htm IDEA: XBRL DOCUMENT
v3.26.1

Note 11 - Fair Value Measurements and Derivatives (Tables) | 3 Months Ended
--- | ---
Mar. 31, 2026
Notes Tables |
Schedule of Fair Value, Assets and Liabilities Measured on Recurring Basis [Table Text Block] |
|  |  |  |  |  |  | Fair Value |
Category |  | Balance Sheet Location |  | Fair Value Level |  |  | March 31, 2026 |  |  | December 31, 2025 |
Currency forward contracts |  |  |  |  |  |  |  |  |  |  |  |  |
Cash flow hedges |  | Accounts receivable - Other |  | 2 |  |  | $ | 16 |  |  | $ | 21 |
Cash flow hedges |  | Other accrued liabilities |  | 2 |  |  |  | 2 |  |  |  | 1 |
Undesignated |  | Accounts receivable - Other |  | 2 |  |  |  | 7 |  |  |  | 4 |
Undesignated |  | Other accrued liabilities |  | 2 |  |  |  | 5 |  |  |  | 7 |
Currency swaps |  |  |  |  |  |  |  |  |  |  |  |  |
Cash flow hedges |  | Other noncurrent assets |  | 2 |  |  |  |  |  |  |  |  |
Cash flow hedges |  | Other noncurrent liabilities |  | 2 |  |  |  | 18 |  |  |  | 25 |
Undesignated |  | Other noncurrent liabilities |  | 2 |  |  |  | 2 |  |  |  | 2 |
Schedule of Carrying Values and Estimated Fair Values of Debt Instruments [Table Text Block] |
|  |  |  |  |  | March 31, 2026 |  |  | December 31, 2025 |
|  | Fair Value Level |  | Carrying Value |  |  | Fair Value |  |  | Carrying Value |  |  | Fair Value |
Long-term debt |  |  | 2 |  |  | $ | 1,114 |  |  | $ | 1,115 |  |  | $ | 2,418 |  |  | $ | 2,444 |
Schedule of Notional Amounts of Outstanding Derivative Positions [Table Text Block] |
Underlying Financial Instrument |  |  | Derivative Financial Instrument |
Description |  | Type |  | Face Amount |  |  | Rate |  |  | Notional Amount |  |  | Traded Amount |  |  | Inflow Rate |  |  | Outflow Rate |
Luxembourg Intercompany Notes |  | Receivable |  | € | 278 |  |  |  | 3.70 | % |  | € | 278 |  |  | $ | 300 |  |  |  | 5.38 | % |  |  | 3.70 | %
Undesignated 2026 Swap |  |  |  |  |  |  |  |  |  |  |  | $ | 188 |  |  | € | 169 |  |  |  | 6.50 | % |  |  | 5.14 | %
Undesignated Offset 2026 Swap |  |  |  |  |  |  |  |  |  |  |  | € | 169 |  |  | $ | 188 |  |  |  | 3.13 | % |  |  | 6.50 | %
Schedule of Derivative Instruments [Table Text Block] |
|  |  |  | Notional Amount (U.S. Dollar Equivalent) |  |  |
Functional Currency |  | Traded Currency |  | Designated |  |  | Undesignated |  |  | Total |  |  | Maturity
U.S. dollar |  | Canadian dollar, Mexican peso |  | $ | 206 |  |  | $ | 76 |  |  | $ | 282 |  |  | Dec-2026
Euro |  | U.S. dollar, Australian dollar, British pound, Hungarian forint, Mexican peso, Swedish krona |  |  | 277 |  |  |  | 11 |  |  |  | 288 |  |  | Sep-2027
Indian rupee |  | U.S. dollar, euro, British pound |  |  |  |  |  |  | 60 |  |  |  | 60 |  |  | Dec-2026
Brazilian real |  | U.S. dollar, euro |  |  | 15 |  |  |  | 14 |  |  |  | 29 |  |  | Oct-2026
South African rand |  | U.S. dollar, euro, Thai baht |  |  |  |  |  |  | 33 |  |  |  | 33 |  |  | Aug-2026
Canadian dollar |  | U.S. dollar |  |  | 13 |  |  |  | 4 |  |  |  | 17 |  |  | Aug-2026
Thai baht |  | U.S. dollar |  |  |  |  |  |  | 42 |  |  |  | 42 |  |  | Apr-2026
British pound |  | U.S. dollar, euro |  |  | 32 |  |  |  | 9 |  |  |  | 41 |  |  | Sep-2026
Mexican peso |  | U.S. dollar |  |  |  |  |  |  | 3 |  |  |  | 3 |  |  | Apr-2026
Swedish krona |  | euro |  |  |  |  |  |  | 2 |  |  |  | 2 |  |  | Apr-2026
Australian dollar |  | U.S. dollar, euro |  |  |  |  |  |  | 1 |  |  |  | 1 |  |  | Apr-2026
Total forward contracts |  |  |  |  | 543 |  |  |  | 255 |  |  |  | 798 |  |  |
U.S. dollar |  | euro |  |  | 321 |  |  |  | 195 |  |  |  | 516 |  |  | Nov-2027
Euro |  | U.S. dollar |  |  |  |  |  |  | 188 |  |  |  | 188 |  |  | Jun-2026
Total currency swaps |  |  |  |  | 321 |  |  |  | 383 |  |  |  | 704 |  |  |
Total currency derivatives |  |  |  | $ | 864 |  |  | $ | 638 |  |  | $ | 1,502 |  |  |
Schedule of Cash Flow Hedges Included in Accumulated Other Comprehensive Income (Loss) [Table Text Block] |
|  | Deferred Gain (Loss) in AOCI |
|  | March 31, 2026 |  |  | December 31, 2025 |  |  | Gain (loss) expected to be reclassified into income in one year or less |
Forward Contracts |  | $ | 16 |  |  | $ | 20 |  |  | $ | 16 |
Cross-Currency Swaps |  |  | 2 |  |  |  | 2 |  |  |  |  |
Total |  | $ | 18 |  |  | $ | 22 |  |  | $ | 16 |
Schedule of Cash Flow Hedging Instruments, Statements of Financial Performance and Financial Position, Location [Table Text Block] |
|  | Three Months Ended |
|  | March 31, |
Derivatives Designated as Cash Flow Hedges |  | 2026 |  |  | 2025 |
Total amounts of income and expense line items presented in the consolidated statement of operations in which the effects of cash flow hedges are recorded |  |  |  |  |  |  |  |
Net sales |  | $ | 1,868 |  |  | $ | 1,781 |
Cost of sales |  |  | 1,699 |  |  |  | 1,663 |
Other income (expense), net |  |  | (40 | ) |  |  | (1 | )
(Gain) or loss on cash flow hedging relationships |  |  |  |  |  |  |  |
Foreign currency forwards |  |  |  |  |  |  |  |
Amount of (gain) loss reclassified from AOCI into income |  |  |  |  |  |  |  |
Cost of sales |  |  | (10 | ) |  |  | 7 |
Other income (expense), net |  |  | (2 | ) |  |  | 1 |
Cross-currency swaps |  |  |  |  |  |  |  |
Amount of (gain) loss reclassified from AOCI into income |  |  |  |  |  |  |  |
Other income (expense), net |  |  | (5 | ) |  |  | 26 |
Derivatives Not Designated as Hedging Instruments [Table Text Block] |
|  | Three Months Ended |
|  | March 31, |
Derivatives Not Designated as Hedging Instruments |  | 2026 |  |  | 2025 |
Gain (loss) recognized in income |  |  |  |  |  |  |  |
Foreign currency forward contracts |  |  |  |  |  |  |  |
Cost of sales |  | $ | 4 |  |  | $ | (1 | )
Other income (expense), net |  |  | (7 | ) |  |  | (6 | )

X
- Definition Tabular disclosure of information pertaining to carrying amount and estimated fair value of short-term and long-term debt instruments or arrangements, including but not limited to, identification of terms, features, and collateral requirements. + References No definition available. + Details
Name: | us-gaap_ScheduleOfCarryingValuesAndEstimatedFairValuesOfDebtInstrumentsTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of gain (loss) on derivative and nonderivative instruments designated and qualifying as cash flow hedge recorded in accumulated other comprehensive income (AOCI) and reclassified into earnings. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 815 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 4E -Publisher FASB -URI https://asc.fasb.org/1943274/2147480434/815-10-50-4E Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 815 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 4C -Publisher FASB -URI https://asc.fasb.org/1943274/2147480434/815-10-50-4C Reference 3: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 815 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 4A -Publisher FASB -URI https://asc.fasb.org/1943274/2147480434/815-10-50-4A + Details
Name: | us-gaap_ScheduleOfCashFlowHedgesIncludedInAccumulatedOtherComprehensiveIncomeLossTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure for cash flow hedging instruments of (a) the location and amount of gains and losses reported in the statement of financial performance and (b) the location and fair value amounts of the instruments reported in the statement of financial position. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 815 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 4E -Publisher FASB -URI https://asc.fasb.org/1943274/2147480434/815-10-50-4E Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 815 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 4C -Publisher FASB -URI https://asc.fasb.org/1943274/2147480434/815-10-50-4C Reference 3: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 815 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 4A -Publisher FASB -URI https://asc.fasb.org/1943274/2147480434/815-10-50-4A Reference 4: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 815 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 4B -Publisher FASB -URI https://asc.fasb.org/1943274/2147480434/815-10-50-4B + Details
Name: | us-gaap_ScheduleOfCashFlowHedgingInstrumentsStatementsOfFinancialPerformanceAndFinancialPositionLocationTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of pertinent information about a derivative or group of derivatives on a disaggregated basis, such as for individual instruments, or small groups of similar instruments. May include a combination of the type of instrument, risks being hedged, notional amount, hedge designation, related hedged item, inception date, maturity date, or other relevant item. + References No definition available. + Details
Name: | us-gaap_ScheduleOfDerivativeInstrumentsTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of assets and liabilities, including [financial] instruments measured at fair value that are classified in stockholders' equity, if any, that are measured at fair value on a recurring basis. The disclosures contemplated herein include the fair value measurements at the reporting date by the level within the fair value hierarchy in which the fair value measurements in their entirety fall, segregating fair value measurements using quoted prices in active markets for identical assets (Level 1), significant other observable inputs (Level 2), and significant unobservable inputs (Level 3). + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 820 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (b) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482106/820-10-50-2 Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 820 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482106/820-10-50-2 + Details
Name: | us-gaap_ScheduleOfFairValueAssetsAndLiabilitiesMeasuredOnRecurringBasisTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of the notional amounts of outstanding derivative positions. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 815 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 1A -Subparagraph (d) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480434/815-10-50-1A + Details
Name: | us-gaap_ScheduleOfNotionalAmountsOfOutstandingDerivativePositionsTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of derivative instrument not designated or qualifying as hedging instrument. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 815 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 4CC -Publisher FASB -URI https://asc.fasb.org/1943274/2147480434/815-10-50-4CC Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 815 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 4E -Publisher FASB -URI https://asc.fasb.org/1943274/2147480434/815-10-50-4E Reference 3: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 815 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 4A -Publisher FASB -URI https://asc.fasb.org/1943274/2147480434/815-10-50-4A Reference 4: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 815 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 4B -Publisher FASB -URI https://asc.fasb.org/1943274/2147480434/815-10-50-4B + Details
Name: | us-gaap_ScheduleOfOtherDerivativesNotDesignatedAsHedgingInstrumentsStatementsOfFinancialPerformanceAndFinancialPositionLocationTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- References No definition available. + Details
Name: | us-gaap_TableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration